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Note 1. Summary of significant accounting policies

ASM International NV (ASMI or the Company) is a Dutch public liability company. Statutory seat: Versterkerstraat 8, 1322AP Almere, the Netherlands.

The description of our activities and our structure, as included in the Notes to the Consolidated financial statements, also apply to the Company financial statements.

In accordance with article 402 Part 9 of Book 2 of the Dutch Civil Code the Company Statement of Profit or Loss is presented in abbreviated form.

The accompanying Company financial statements are stated in thousands of euro unless otherwise indicated.

Accounting policies applied

The Financial statements of the Company included in this section are prepared in accordance with Part 9 of Book 2 of the Dutch Civil Code. Section 362 (8), Book 2, Dutch Civil Code, allows companies that apply IFRS as endorsed by the European Union in their Consolidated financial statements to use the same measurement principles in their Company financial statements. The Company has prepared these Company financial statements using this provision.

Investments in subsidiaries

Investments in subsidiaries are stated at net asset value as we effectively exercise influence of significance over the operational and financial activities of these investments. For a list of all significant subsidiaries see Note 2 of the Consolidated financial statements.